Verda, the Helsinki-based AI cloud formerly known as DataCrunch, announced a $189 million Series B on September 22 that values the company at $1 billion or more — Europe's newest AI unicorn. The round confirms that investor appetite for compute infrastructure remains intact, even as the conversation shifts toward agents and applications.
The oversubscribed Series B was led by Emergence Capital, with participation from MUFG Innovation Partners, server maker Super Micro Computer, Finnish insurer Varma Mutual Pension Insurance, and Lifeline Ventures. With this round, Verda's total funding — equity and debt combined — now exceeds $450 million.
The company, which rebranded from DataCrunch to Verda this year, hit an annualized revenue run rate of $165 million in July 2026 — a sign that the business of renting AI compute at prices competitive with the traditional hyperscalers is already generating real revenue, not just promises of future capacity.
Verda plans to use the capital to expand its end-to-end AI cloud: more compute capacity, product development, and growth across Europe, the United States, and Asia. The company is targeting more than 250 megawatts of operating capacity by 2027, spread across Europe, the UK, the United States, and Asia.
The underlying signal matters just as much: investors are still betting heavily on the infrastructure layer, not just on models or applications. As long as global AI compute stays scarce, companies like Verda will keep finding capital willing to fund more data centers and more GPUs.
Carlos Montiel is an enterprise AI solutions architect. He implements LLMs, Agents, RAG, and orchestrators for companies across Guatemala and Latin America. Reach out for a consultation.
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